ID :
12827
Thu, 07/17/2008 - 16:31
Auther :
Shortlink :
http://m.oananews.org//node/12827
The shortlink copeid
RUPIAH TENDS TO STABILIZE ON THURSDAY MORNING
Jakarta, July 17 (ANTARA) - The rupiah tended to stabilize on Thursday morning as investors were careful in entering the market causing the transactions value to fall from the day before, a money market observer said.
"The investors' stand followed a recent fall in global crude prices to US$135 a barrel causing the dollar to strengthen in the global market," Edwin Sinaga said on Thursday.
The rupiah rose by two points to Rp9,130/9,140 per dollar in the Jakarta interbank spot market on Thursday morning compared to Rp9,132/9,145 per dollar the previous day.
Actually, the rupiah still had a wide chance to further strengthen but the recent drop in global crude prices had hindered its appreciation although oil prices rose by 40 dollar cents on Thursday morning to more than US$135 a barrel, he said.
"We are optimistic the rupiah will again strengthen to Rp9,100 per dollar because the drop in global crude prices is temporary in nature," he said.
The optimism was also based on the statement by Bank Indonesia (the central bank/BI) Governor Boediono that the country's economic growth was on the right track, paving the way for the attainment of the government-set economic growth rate target for this year.
He said the US mortgage turmoil which affected various European countries had had no significant impact on the Indonesian economy.
The rupiah's strengthening showed foreign investors' growing confidence in the Indonesian economy although the government's recent decision to raise fuel prices had a negative impact on various sectors, he said
"The investors' stand followed a recent fall in global crude prices to US$135 a barrel causing the dollar to strengthen in the global market," Edwin Sinaga said on Thursday.
The rupiah rose by two points to Rp9,130/9,140 per dollar in the Jakarta interbank spot market on Thursday morning compared to Rp9,132/9,145 per dollar the previous day.
Actually, the rupiah still had a wide chance to further strengthen but the recent drop in global crude prices had hindered its appreciation although oil prices rose by 40 dollar cents on Thursday morning to more than US$135 a barrel, he said.
"We are optimistic the rupiah will again strengthen to Rp9,100 per dollar because the drop in global crude prices is temporary in nature," he said.
The optimism was also based on the statement by Bank Indonesia (the central bank/BI) Governor Boediono that the country's economic growth was on the right track, paving the way for the attainment of the government-set economic growth rate target for this year.
He said the US mortgage turmoil which affected various European countries had had no significant impact on the Indonesian economy.
The rupiah's strengthening showed foreign investors' growing confidence in the Indonesian economy although the government's recent decision to raise fuel prices had a negative impact on various sectors, he said
